Self-Employed Aren't Saving
Enough for Retirement

By

Jilian Mincer Dow Jones Newswires

Updated Oct. 25, 2005 12:01 a.m. ET

While the number of the self-employed keeps climbing, far too few of these business owners save for retirement.

According to a September U.S. Census report, the number of businesses with no paid employees rose 5.7% to 18.6 million in 2003 from 17.6 million in 2002. That is the steepest increase since the agency started collecting the data in 1997.